Employment Cycles Are Spinning Faster
The workforce is getting much more mobile, meaning in the job-hopping sense, but also in the smartphone-carrying context. Millennials in particular are in and out of jobs with higher frequency than seen with past generations. LinkedIn and the broader social networking craze has facilitated that mobility, making recruiting technology -- and, more importantly, retention and talent-management technology -- all the more important. In other words, you can't compete as an employer if you're still relying on spreadsheets and email. Even if you're prepared to pay more, the faster, more efficient pipeline will get to the best talent first.